Board index » The IRISH PROPERTY BUBBLE » The Republic of Property

Post new topic Reply to topic  [ 19 posts ]  [Go to page]   1, 2  Next
Author Message
 Post subject: Why is the State not performing massive Capital investment?
PostPosted: Wed Aug 24, 2016 12:23 pm 
Offline
Of Systemic Importance
User avatar

Joined: Aug 20, 2009
Posts: 5225
The CAPITAL INVESTMENT PLAN 2016 – 2021 is here

http://www.per.gov.ie/en/capital-invest ... 2016-2021/

Quote:
This Capital Plan presents the Government’s new €42 billion framework for infrastructure investment in Ireland over the period 2016 to 2021.


Quote:
The Capital Plan combines direct investment by the Exchequer of €27 billion, a third phase of PPP investments of about €500 million and State-owned sector investment of around €14½ billion.


Quote:
The €27 billion Exchequer component of the Capital Plan, supplemented by a new €500 million phase of the PPP programme, is primarily targeted at addressing priority needs in transport, education, housing and health care. Investments will be made in public transport, including commencement of a metro project in Dublin, new and upgraded schools, Primary and Continuing Care health facilities, and new social housing will be delivered. Investments will also be made to mitigate risks from flooding. There will also be continued large investment in job creation and export rich enterprises such as manufacturing, services, agriculture and tourism.

The €14½ billion non-Exchequer component of the Capital Plan will be delivered by the State companies, which include ESB, Irish Water, and Ervia – formerly Bord Gáis Éireann. These investments will primarily be targeted at energy infrastructure development, including renewable energy and smart metering, and on the enhancement of water and wastewater infrastructure.


Bond yields are at all-time lows, almost NIL. Why not borrow billions more and start building major capital items now when it costs nothing in interest and the Cost/Benefit analysis shows it will be well worth the return?

Discuss!


Top
 Profile  
 
 Post subject: Re: Why is the State not performing massive Capital investme
PostPosted: Wed Aug 24, 2016 12:48 pm 
Offline
Of Systemic Importance

Joined: Dec 28, 2006
Posts: 5579
wouldn't all that have to be off the national balance sheet.
and anyhow...
because we heard nothing from the investigation in to the biggest construction companies in the country sharing out the infrastructure projects amongst themselves. This was in the newspapers back in the second half of the noughties and then completely disappeared from view.
because you can't build anything really big and useful without a PPP which gives connected individuals a path to instant wealth.
because all the competent engineers (and they do exist) are employed mostly overseas on projects where they actually get to complete the project rather than dealing with politics for the best part of a decade.
because the land on which the projects will be built are held by insiders and a politician who wants to drive through a project knows they will get negative press if they pay off the person who asserts right constitutional to ownership of the property they acquired just a few years earlier a-la jackson way.
build a new hospital and you are guaranteed a strike before unions allow their workers to move in.
build a national aquatic centre and you get the management company earning a small fortune from a public piece of infrastructure.

about the only thing I could see being done is building a prison is a rural area and putting good quality road surfaces on roads which are already in public ownership.


Top
 Profile  
 
 Post subject: Re: Why is the State not performing massive Capital investme
PostPosted: Wed Aug 24, 2016 12:59 pm 
Offline
Real Estate Developer

Joined: Nov 20, 2014
Posts: 994
We cant even get a children's hospital built despite the clear need, goodwill from just about everyone and funding


Top
 Profile  
 
 Post subject: Re: Why is the State not performing massive Capital investme
PostPosted: Wed Aug 24, 2016 11:03 pm 
Offline
Under CAB Investigation

Joined: May 12, 2012
Posts: 2187
The only semi shovel ready projects that would really boost spend are Metro North and Dart Underground.

Politicians and civil servants are scared sh1tless of them because of the risk of cost overrun, delays and/or ability to leave no room for other ribbon cutting opportunities.

All this despite it being hard to find ANY public infrastructure in Dublin that looks like bad value after the fact. And instead we get more buses.


Top
 Profile  
 
 Post subject: Re: Why is the State not performing massive Capital investme
PostPosted: Wed Aug 24, 2016 11:11 pm 
Offline
Nationalised
User avatar

Joined: Jan 1, 1970
Posts: 23317
Skippy 3 wrote:
The only semi shovel ready projects that would really boost spend are Metro North and Dart Underground.

Politicians and civil servants are scared sh1tless of them because of the risk of cost overrun, delays and/or ability to leave no room for other ribbon cutting opportunities.

All this despite it being hard to find ANY public infrastructure in Dublin that looks like bad value after the fact. And instead we get more buses.


Scared of doing their job.. absolutely fabulous, just great! Nothing to see here. All is good. Come back in 2050 when Ireland is the first former country declared as an entire world heritage site, since the population left a perfectly intact *19th century city.

*Most of the modern infrastructure and edifice has since perished having fall to a rare bacterium that feasts on pyrite and shredded paper leaving only colonial period structures in place.... homebond!

_________________
Follow The Pin - https://twitter.com/dailypinster

"Politicians are always realistically maneuvering for the next election. They are obsolete as fundamental problem-solvers." - Buckminster Fuller

"I was comfortable with a couple of banks being married today, instead i wake up and find I'm married to the banks." - Catbear

Image


Top
 Profile  
 
 Post subject: Re: Why is the State not performing massive Capital investme
PostPosted: Wed Aug 24, 2016 11:19 pm 
Offline
Planning Tribunal Attendee

Joined: Sep 15, 2015
Posts: 1471
Surely you mean 18th century; the already-powerful Georgian Society will surely one day cast down all this modern 19th century nonsense and require everyone to use horse-hair plaater forever more. Anyone caught selling double-glazing will be shot. With a musket.


Top
 Profile  
 
 Post subject: Re: Why is the State not performing massive Capital investme
PostPosted: Thu Aug 25, 2016 9:50 am 
Offline
Real Estate Developer

Joined: Nov 20, 2014
Posts: 994
http://uk.businessinsider.com/apple-tax ... ?r=US&IR=T

You never know if Apple ends up having to pay, how much of this 19 billion will come to Ireland?


Top
 Profile  
 
 Post subject: Re: Why is the State not performing massive Capital investme
PostPosted: Thu Aug 25, 2016 12:12 pm 
Offline
Under CAB Investigation

Joined: May 12, 2012
Posts: 2187
Worstpigeon wrote:
Surely you mean 18th century; the already-powerful Georgian Society will surely one day cast down all this modern 19th century nonsense and require everyone to use horse-hair plaater forever more. Anyone caught selling double-glazing will be shot. With a musket.


Funny how the most precious buildings of all were built long before the 1963 Planning Act!


Top
 Profile  
 
 Post subject: Re: Why is the State not performing massive Capital investme
PostPosted: Thu Aug 25, 2016 12:21 pm 
Offline
Nationalised
User avatar

Joined: Jan 1, 1970
Posts: 23317
Worstpigeon wrote:
Surely you mean 18th century; the already-powerful Georgian Society will surely one day cast down all this modern 19th century nonsense and require everyone to use horse-hair plaater forever more. Anyone caught selling double-glazing will be shot. With a musket.


I humbly apologise in double-triplicate. I was mixing up Banking crisis metaphor given to me by a leading economist... 18th Century it is with some megalithic outposts/theme parks.

_________________
Follow The Pin - https://twitter.com/dailypinster

"Politicians are always realistically maneuvering for the next election. They are obsolete as fundamental problem-solvers." - Buckminster Fuller

"I was comfortable with a couple of banks being married today, instead i wake up and find I'm married to the banks." - Catbear

Image


Top
 Profile  
 
 Post subject: Re: Why is the State not performing massive Capital investme
PostPosted: Thu Aug 25, 2016 12:24 pm 
Offline
Nationalised
User avatar

Joined: Jan 1, 1970
Posts: 23317
Skippy 3 wrote:
Worstpigeon wrote:
Surely you mean 18th century; the already-powerful Georgian Society will surely one day cast down all this modern 19th century nonsense and require everyone to use horse-hair plaater forever more. Anyone caught selling double-glazing will be shot. With a musket.


Funny how the most precious buildings of all were built long before the 1963 Planning Act!


Yes and that is the point. Well spotted. Painfully lost on the majority of planners and various invested groups, politicians, build professionals. They ignore the one collective bock that would make their life so much easier, unless of course they leverage their plan with some flat brownies.

_________________
Follow The Pin - https://twitter.com/dailypinster

"Politicians are always realistically maneuvering for the next election. They are obsolete as fundamental problem-solvers." - Buckminster Fuller

"I was comfortable with a couple of banks being married today, instead i wake up and find I'm married to the banks." - Catbear

Image


Top
 Profile  
 



Display posts from previous:  Sort by  
Post new topic Reply to topic  [ 19 posts ]  [Go to page]   1, 2  Next

    Board index » The IRISH PROPERTY BUBBLE » The Republic of Property

Who is online

Users browsing this forum: No registered users and 7 guests


You cannot post new topics in this forum
You cannot reply to topics in this forum
You cannot edit your posts in this forum
You cannot delete your posts in this forum

Jump to:  

Follow, Retweet @dailypinster



Pyramid Built, Is Better Built! - Latest Property Discussions www.thepropertypin.com